Regulation
Central banks differ on profit-sharing agreements
Advanced economy central banks more likely to have formal agreements on profit distribution
Most central banks satisfied with policy autonomy
EME central banks say they are more likely to face pressure over monetary policy
EU politicians back plan for new AML authority
Proposals include tougher transparency requirements and crypto transaction limits
SVB collapse threatened banks across the US – Fed’s Barr
“Full extent” of bank’s vulnerability was not clear to supervisors until the run, vice-chair admits
Lagarde slightly injured in car accident
ECB president was departing Euro Summit
Some internal policies differ by country income
Central banks likely to have ethics codes and whistleblower policies regardless of national income
Fed details Custodia rejection decision
Decision says Wyoming firm has deficient management and risky business model
Most central banks disclose governors’ salaries
Governors’ salaries show moderate correlation with countries’ per capita GDP
Boards’ make-up differs across jurisdictions
Emerging market economy boards more likely to include government officials and ministers
CAR to drop crypto as legal tender
Country bows to pressure from partners in regional monetary union
Towards legal CBDCs
Officials at the Bank of Thailand and Bank of Jamaica on how their CBDC design choices interact with the law
Countries vary on governor appointment powers
Poorer countries more likely to combine powers, while richer ones split responsibilities
Central banks’ roles differ by national wealth
Few central banks have task of overseeing sovereign wealth funds
Most governments can change mandates without consulting central banks
Most jurisdictions’ central bank laws either limit or forbid monetary financing
Lifetime achievement: Stefan Ingves
Modest man from the Finnish ‘boonies’ has had a major impact on international central banking
Central banks differ over board term limits
Nearly half of responding central banks impose no term limits on board members
Central Banking Awards 2023: third group of winners announced
Awards include economic research, payments reform and risk management services
EME governors more likely to leave role early
Emerging market economy countries also less likely to limit number of terms governors can serve
China to set up new party-led financial supervisors
New committees to be established by end of 2023 as part of wider supervisory change
What are the systemic lessons of SVB?
Philip Turner says the collapse of SVB reveals deeper issues than many have realised
Central Banking Awards 2023: second group of winners unveiled
Awards announced for Governor of the year, Communications, Transparency and partners
Fed launches supervision review in wake of SVB collapse
Vice-chair for supervision says central bank needs to show “humility” after bank failure
Yi Gang stays on as China’s central bank governor
Beijing’s surprise decision sends stabilising signal for the economy, analysts say
US lender tied to FTX goes into liquidation
Federal government investigating California bank linked to failed crypto exchange